Bermuda Reveals Draft Crypto Regulations, Plans to Embrace ICOs (news.bitcoin.com)

The Bermuda Monetary Authority has issued a consultation paper on draft regulations pertaining to “virtual currency businesses” and initial coin offerings (ICOs). The proposed bill seeks to create a framework that encourages and fosters the development of Bermuda’s nascent cryptocurrency industry.
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Swiss Regulations Are Driving ICOs Away (news.bitcoin.com)

Ever since ICO mania exploded in early 2017, Switzerland has served as Europe’s de facto crowdsale launchpad. Financial authorities have welcomed crypto startups, and the likes of Tezos, Mysterium, and Arcblock have all heeded that call. Guidelines laid out by Switzerland’s Financial Market Supervisory Authority (FINMA) in February were meant to add clarity for ICOs. Instead, they’ve had the opposite effect.
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Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations (news.bitcoin.com)

This week the Reserve Bank of India (RBI), the country’s central bank, has banned banks from dealing with cryptocurrency businesses. Indian financial institutions have three months to cease doing business with digital asset operations but some of them may stop facilitating INR settlements. News.Bitcoin.com spoke with Sumit Gupta the founder and CEO of a new Indian digital currency exchange called Coindcx. Gupta told us about his team launching a cryptocurrency trading platform in the midst…

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Korean Regulator Warns Kakao’s ICO Abroad Could Violate Crypto Regulations (news.bitcoin.com)

Responding to media reports that South Korean internet giant Kakao plans to raise funds using an initial coin offering (ICO) abroad, the country’s financial regulator reportedly warned that the ICO could violate current cryptocurrency regulations.
Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7

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